Warren Buffett increases exposure in Japan's stock market

Per CNBC

Warren Buffett has decided to increase his exposure in Japan's stock market by placing more money into five major trading houses. Berkshire Hathaway increased its stake in those houses to 7.4%.

Berkshire Hathaway's CEO shared his feelings about investing in the five major Japanese trading houses. In an interview with Nikkei, Buffett said he was "very proud" of his decision.

Here were the five trading houses that Buffett increased his investment on.

Mitsubishi Corp. - position increased to 6.6%
Mitsui & Co. - position increased to 6.6%
Itochu Corp. - position increased to 6.2%
Marubeni Corp. - position increased to 6.8%
Sumitomo Corp. - position increased to 6.6%

Buffett shared that he planned to meet with the companies to discuss their business and "emphasize" their support. It was noted that Berkshire Hathaway increased its holdings to over 6% by adding at least 1% to each trading house.

In an August 2020 report, Berkshire Hathaway revealed how he bought over 5% of each trading house. Warren Buffett reportedly purchased the stakes for over $6 billion in total when he turned 90, on his birthday.

So far, Warren Buffett's Berkshire Hathaway reportedly had a $68 billion expense in 2022. This topped its 2018 spending when the company reportedly paid $43 billion to acquire stocks or $24 billion on a net basis.

Berkshire Hathaway decided to decrease its share repurchases to just $8 billion in 2022. During that year, Berkshire Hathaway reportedly only sold a net $34 billion worth of stocks.

Charlie Munger, the Vice Chairman of Berkshire Hathaway, shared how he didn't worry too much about long-term valuations. He said that this was because he wouldn't be alive that long.

Munger shared how he might have different ideas compared to Warren Buffett.

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CNBC

Nikkei